WiMi Hologram Cloud (NASDAQ:WIMI) Stock Price Down 2.5% – Time to Sell?

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) dropped 2.5% on Monday . The company traded as low as $0.77 and last traded at $0.77. Approximately 254,878 shares were traded during trading, a decline of 84% from the average daily volume of 1,596,463 shares. The stock had previously closed at $0.79.

WiMi Hologram Cloud Stock Performance

The stock has a 50 day moving average price of $0.88 and a two-hundred day moving average price of $0.86.

Hedge Funds Weigh In On WiMi Hologram Cloud

A number of large investors have recently made changes to their positions in WIMI. Virtu Financial LLC bought a new position in shares of WiMi Hologram Cloud during the first quarter worth approximately $42,000. XTX Topco Ltd bought a new position in shares of WiMi Hologram Cloud during the second quarter worth approximately $45,000. Garden State Investment Advisory Services LLC bought a new position in shares of WiMi Hologram Cloud during the third quarter worth approximately $178,000. Finally, Symmetry Peak Management LLC acquired a new stake in WiMi Hologram Cloud during the third quarter worth approximately $76,000. Institutional investors own 0.96% of the company’s stock.

About WiMi Hologram Cloud

WiMi Hologram Cloud Inc provides augmented reality (AR) based holographic services and products in China. It operates in three segments: AR Advertising Services, AR Entertainment, and Semiconductor Related Products and Services. The company primarily offers holographic AR advertising services and holographic AR entertainment products.